At Bulgarian Angels Club, we’re passionate about supporting the next generation of groundbreaking companies. As we reflect on the dynamic year that was 2023, our investment club is proud to share insights into the visionary companies we chose to support. These organizations represent the forefront of their respective industries, demonstrating exceptional potential and a commitment to reshaping the future.
Agra.global
AGRA is shaking up the agricultural industry by providing a powerful and efficient marketplace for buying and selling everything farm-related. But is not just a marketplace; it’s a dynamic ecosystem tailored for the agricultural community, connecting buyers and sellers of agricultural produce, livestock, and related products. What sets AGRA apart is its commitment to empowering users through a unique, commission-free platform that facilitates direct negotiations between domestic and international clients and suppliers.
In 2023 AGRA received a boost from the investment community, with the club’s angels injecting 25,000 euro into the platform. This funding is a testament to AGRA’s potential to revolutionize agricultural trade on a global scale. The investment will propel AGRA’s growth, allowing more farmers, producers, and businesses to benefit from its user-centric approach to agricultural commerce.
IRIS Biometrics
Welcome to the future of identification and payments. Harnessing the power of proprietary biometric recognition, IRIS Biometrics have crafted a universal platform of ID solutions that cater to a diverse spectrum of industries. IRIS utilizes advanced multi-modal hand recognition technology, capturing both internal and external hand features. This data is then processed through an AI-powered deep hashing algorithm, creating a unique biometric identifier. The result? Your hand becomes your key, your ID, and your wallet, all seamlessly integrated into a single, secure system.
An Angel from Bulgarian Angels Club have invested 10.000 euro. 80% of the total round is dedicated to staff, and the rest is for equipment, office space, and administrative costs.
Fabrico
Manufacturing companies need to be efficient to succeed in today’s rapidly changing landscape. That’s why we’re excited to introduce Fabrico, a revolutionary solution that digitalizes and optimizes all maintenance processes within your manufacturing plant. Fabrico is backed by a substantial investment of 62.500 euro from the Bulgarian Angels Club. It empowers manufacturing teams with powerful preventive and reactive maintenance tools, transforming the way plants operate.
Fabrico is a game-changer for manufacturing plants, offering a cloud-based CMMS (Computerized Maintenance Management System) that streamlines and optimizes maintenance workflows. It offers a comprehensive suite of features that streamline maintenance operations in various industries, including automotive, chemical, food manufacturing, electronics, machinery, mining, and more.
By transitioning from paper-based or limited digital solutions to Fabrico, teams can leverage an easy-to-integrate and user-friendly interface, along with mobile apps that enhance overall efficiency. Fabrico is designed to make maintenance operations easier and more efficient so that manufacturing plants can focus on what they do best – producing high-quality products.
Infinity Toy Box
Infinity Toy Box is a revolutionary platform for growing families that simplifies the parenting journey. They purchase high-quality toys and essential items and rent them on a subscription basis. This is advantageous for families with newborns as they can stick with the platform until their kids grow up. Infinity Toy Box offers a variety of high-quality, expensive, and bulky items that families are happy to rent instead of buy.
The Angels recognized the platform’s potential and invested 30,000 euro to fuel their growth. The funds from the Seed Round will be strategically allocated: 40% for Technology Development to improve sales and marketing efforts, streamline operations, and enhance scalability, positioning Infinity Toy Box for future expansion. 40% for Bulgarian Business Growth to be used for marketing initiatives, expanding the toy inventory, and optimizing Bulgarian operations. The remaining 20% will be allocated for International Expansion, paving the way for Infinity Toy Box to take its unique concept global.
Fight Scout app
The Fight Scout app is the first of its kind, allowing you to connect with fighters, managers, and organizations from all over the world in the combat sports community. By signing up as a pro, you can grow your network, find fights and managers, scout for events that require fighters, and manage your profile to enhance your chances of building a successful fighting career. In the dynamic world of combat sports, connectivity and exposure are key to success. Fight Scout app has gained rapid traction since its launch six months ago, with over 900 registered users and 2,600 downloads. The app boasts an impressive network comprising 500+ fighters from 56 countries, 60 promoters, and 70 managers of athletes from 27 countries.
The angels invested €25,000, which, combined with venture capital funds, secures at least 8 to 10 months of financing. The funds will be used to focus on the app’s new features and strategic partnerships, which could drive its use faster than marketing campaigns alone.
Metasim
In the realm of experiential learning, Metasim emerges as a next-generation platform, harnessing the power of virtual reality (VR) to redefine the learning experience for people leaders. With a vision to dramatically accelerate the learning curve of managers, Metasim positions itself as the equivalent of flight simulators for pilots, offering scalable, gamified simulations that allow leaders to safely practice and enhance core skills such as feedback, coaching, and public speaking. Metasim operates on a subscription-based model, charging £350 per employee per year for access to their Leadership program. This includes shared VR equipment, making it a cost-effective solution for organizations.
The recent investment of 115,000 euros from angels is a testament to the potential and viability of Metasim’s innovative approach to leadership development. This round of funding provided Metasim with a financial runway of 12-18 months. During this time, the focus will be on accelerating sales and preparing for a seed round in 2024.